Allied Market Research recently published a report, titled, “Portable Power Station Market by Capacity and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global portable power station industry was accounting for $3.9 billion in 2020, and is expected to reach $5.8 billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030.
Increase in use of smart electronic devices and rise in concerns regarding CO2 emission drive the growth of the global portable power station market. However, high cost of battery-powered portable stations hinders the market growth. On the contrary, rise in outdoor and camping activities would unlock new opportunities for the market players in the future.
Download Sample PDF (200 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/12065
By capacity, the 501-1,000Wh segment held the largest share in 2020, accounting for nearly two-fifths of the global portable power station market, due to increase in demand for additional power capacity and charging electronic appliances with high power requirements across North America, Europe, and Asia-Pacific regions. However, the 1,500Wh or more segment is expected to manifest the highest CAGR of 4.6% during the forecast period, due to its usage in various applications, including off-grid power.
By application, the off-grid segment is projected to register the highest CAGR of 4.3% during the forecast period, due to rise in demand for smart electronic devices such as laptops and smartphones. However, the emergency use segment held the largest share in 2020, contributing to nearly three-fourths of the global portable power station market, as manufacturers have been lowering prices of batteries and equipment.
Request a Discount Before Purchasing Report @ https://www.alliedmarketresearch.com/purchase-enquiry/12065
By region, the market across North America held the largest share in 2020, accounting for nearly two-fifths of the market, as the U.S. is the largest portable power station market in the world. However, the global portable power station market across Asia-Pacific is anticipated to showcase the highest CAGR of 5.0% during the forecast period, owing to rise in use of smart electronics and the increased number of incidences of power outages in countries such as China, India, and Japan.
The major companies profiled in this report include Anker Technology, Bluetti, Duracell, EcoFlow, Goal Zero, Jackery, Lion Energy, Milwaukee Tool, Scott Electric, and Suaoki. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.
Get detailed COVID-19 impact analysis on the Portable Power Station Market
https://www.alliedmarketresearch.com/request-for-customization/12065?reqfor=covid
Covid-19 scenario:
- As the governments imposed strict regulations regarding social distancing and lockdown, people remain isolated in their homes, which negatively affected the tourism industry and air travel. Moreover, several countries closed their borders to curb the spread of the virus. This reduced camping activities, affecting the demand for portable power stations.
- Moreover, prolonged lockdown across several regions hampered the manufacturing of electronics devices and disrupted the supply chain.
Key findings of the study
- By region, North America is projected to grow at the highest CAGR of nearly 4.1%, in terms of revenue, during the portable power station market forecast period.
- By application, the emergency power segment accounted for the largest portable power station market share in 2020.
- By capacity, the 501-1,000 Wh segment garnered the largest market share in 2020.
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.